Palo Alto Networks’ PANW reported earnings better than expected for the quarter. In premarket trading, PANW stock is trading 6.76% lower at $152.44 as the company cut its full-year earnings outlook.
Palo Alto Networks is expecting now 78 cents to 80 cents in adjusted earnings per share for the fiscal third quarter, well below the consensus estimate for 92 cents. Revenue for the Q3 FY26 is expected at $2.941 billion to $2.945 billion, with Next-Generation Security ARR at $7.94 billion to $7.96 billion.
PANW posted adjusted earnings per share of $1.03, above the analysts’ estimate of 94 cents. Revenue came at $2.6 billion for the fiscal second quarter, up 14.91% from a year before, essentially matching analysts’ estimates.
After the results, BTIG reiterated PANW stock at Buy and maintains the price target at $200, while Needham analyst Mike Cikos lowered the price target from $230 to $200.
Nikolas has been involved in the finance industry for over fifteen years spanning across Europe and USA with a depth of knowledge and experience within many aspects of the financial markets. Nikolas gained several years experience with some of the Europe’s leading Brokers, as equity analyst, and trader managing accounts for both Private and Corporate Investors. He enjoys both the fundamental and technical aspects of trading focusing on stock markets and all FX majors. Currently, Nikolas provides analysis and comments to online financial publications. Educational background in Economics (BSc), and Finance (MSc).